AEGON ASSET MANAGEMENT UK Plc Sells 9,600 Shares of Digital Realty Trust, Inc. $DLR

Key Points

• AEGON ASSET MANAGEMENT UK Plc has decreased its holdings in Digital Realty Trust (NYSE:DLR) by 14.2%, selling 9,600 shares in the second quarter, leaving it with 57,974 shares worth approximately $10.1 million.
• Several institutional investors have increased their stakes in Digital Realty Trust, including the Canada Pension Plan Investment Board, which grew its holdings by 63.0% during the first quarter.
• Digital Realty Trust has recently announced a quarterly dividend of $1.22 per share, resulting in an annualized dividend yield of 2.8%.

AEGON ASSET MANAGEMENT UK Plc lowered its position in Digital Realty Trust, Inc. (NYSE:DLR - Free Report) by 14.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,974 shares of the real estate investment trust's stock after selling 9,600 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Digital Realty Trust were worth $10,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DLR. Canada Pension Plan Investment Board increased its holdings in shares of Digital Realty Trust by 63.0% in the first quarter. Canada Pension Plan Investment Board now owns 7,144,737 shares of the real estate investment trust's stock worth $1,023,769,000 after purchasing an additional 2,760,286 shares during the period. Nuveen LLC purchased a new position in Digital Realty Trust in the first quarter worth $342,389,000. Vanguard Group Inc. grew its position in Digital Realty Trust by 1.8% in the first quarter. Vanguard Group Inc. now owns 52,378,860 shares of the real estate investment trust's stock worth $7,505,367,000 after acquiring an additional 925,674 shares in the last quarter. Pictet Asset Management Holding SA grew its position in Digital Realty Trust by 41.5% in the first quarter. Pictet Asset Management Holding SA now owns 3,129,819 shares of the real estate investment trust's stock worth $448,422,000 after acquiring an additional 918,549 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Digital Realty Trust by 37.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,009,673 shares of the real estate investment trust's stock worth $431,256,000 after acquiring an additional 816,334 shares in the last quarter. Institutional investors own 99.71% of the company's stock.

Insider Activity at Digital Realty Trust

In other news, CEO Andrew Power sold 53,269 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $175.16, for a total transaction of $9,330,598.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on DLR. Citigroup reiterated a "buy" rating on shares of Digital Realty Trust in a research report on Tuesday, August 26th. Wells Fargo & Company upped their target price on shares of Digital Realty Trust from $185.00 to $195.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Guggenheim began coverage on shares of Digital Realty Trust in a research report on Wednesday, July 9th. They issued a "neutral" rating for the company. Stifel Nicolaus upped their price target on shares of Digital Realty Trust from $190.00 to $205.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Finally, Mizuho upped their price target on shares of Digital Realty Trust from $177.00 to $191.00 and gave the company an "outperform" rating in a research report on Tuesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $191.05.

Digital Realty Trust Stock Performance

Shares of NYSE:DLR opened at $171.85 on Wednesday. The company has a market cap of $58.61 billion, a price-to-earnings ratio of 45.10, a price-to-earnings-growth ratio of 4.83 and a beta of 0.96. The company has a 50-day moving average price of $169.78 and a 200-day moving average price of $167.21. The company has a current ratio of 2.22, a quick ratio of 2.22 and a debt-to-equity ratio of 0.82. Digital Realty Trust, Inc. has a 12 month low of $129.95 and a 12 month high of $198.00.

Digital Realty Trust (NYSE:DLR - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $1.87 EPS for the quarter, beating the consensus estimate of $1.74 by $0.13. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.44 billion. Digital Realty Trust had a net margin of 23.98% and a return on equity of 6.46%. The company's quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.65 earnings per share. Digital Realty Trust has set its FY 2025 guidance at 7.150-7.250 EPS. As a group, equities analysts anticipate that Digital Realty Trust, Inc. will post 7.07 EPS for the current year.

Digital Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 15th. Digital Realty Trust's dividend payout ratio is 128.08%.

Digital Realty Trust Profile

Digital Realty Trust, Inc operates as a real estate investment trust, which engages in the provision of data center, colocation and interconnection solutions. It serves the following industries: artificial intelligence (AI), networks, cloud, digital media, mobile, financial services, healthcare, and gaming.

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